NYSE:EMEConstruction
EMCOR Group (EME) Margin Expansion Reinforces Bullish Narratives Despite Slower Growth Forecast
EMCOR Group (EME) reported net profit margins of 7.1%, up from 6% the previous year, as the company continued delivering high quality earnings. Over the last five years, earnings grew at an impressive 36.9% annually. The most recent year's growth of 33.9% fell just short of this pace. While revenue and earnings are projected to grow at 8.8% and 10.5% per year respectively, both figures lag the broader US market forecasts. This could potentially cap near-term excitement for investors. Strong...